New Brunswick Securities Commission

Alberta real estate investment companies banned (10/04/09)

NB 503

April 9, 2010

SAINT JOHN (CNB) - A cease-trade order has been issued by the New Brunswick Securities
Commission (NBSC) against Shire International Real Estate Investment Ltd., Shire Asset Management
Ltd. and Jeanette Cleone Couch of Alberta.

The order bans the companies and the individual from operating in New Brunswick capital markets and
state that any exemptions to New Brunswick securities law do not apply to them. The order mirrors those
issued by the Saskatchewan Financial Services Commission (SFSC) and the Alberta Securities
Commission (ASC) and will remain in effect under the same terms.

The SFSC and ASC orders state that the companies were issuing securities in real estate developments in
Alberta and Hawaii. The companies and Couch are under investigation by the RCMP.

New Brunswickers are asked to report any telephone calls or e-mails that solicited investments in real
estate developments in Hawaii Fund or Maples and White Sands Investment Ltd. to the NBSC. These
companies and Couch are not registered to conduct securities-related business in New Brunswick.

Enforcement staff does not know of any New Brunswick investors in these companies. The NBSC co-operated with SFSC, the ASC and other securities regulators on this matter.

New Brunswickers are urged to report any contact by the companies or individuals listed to the NBSC at
1-866-933-2222 or by e-mail, information@nbsc-cvmnb.ca.

As an independent provincial Crown corporation, the NBSC oversees the capital markets in New
Brunswick and regulates those that sell or manage securities. The NBSC is funded by regulatory fees paid
of those operating in the investment industry, including public companies, mutual funds and more than
7,000 registered individuals and firms.